MTECHTIPS MCX SILVER INTRADAY trading tips 14-08-2018

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MTECHTIPS MCX SILVER INTRADAY trading tips 14-08-2018

MTECHTIPS  Silver is bearish for medium-long term .Currently Silver is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend . Noting point is selling at lower levels seems decreasing. The Silver is now trading in oversold level. The Silver is now trading in oversold level. The oscillator is showing BUY signal For short term Silver is in HOLD SHORT position and closed below 1 month low with volume signals down breakout.Positionally Immediate support for Silver is 37504.Resistance for the Silver is 38134-38270-38565-39302-39471-39565- Short term and Intraday Level of SILVER Silver and closed below 1 week low with volume signals down breakoutCurrently Silver is in HOLD LONG position Silver is moving sideways so short term investor better to buy only above 38186 or hold with stop at 37655 The oscillator is showing BUY signal  Intraday Trend- Buy is advised above 38062 with a stop at 37497 Below 37360 go for sell

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